Ingosstrakh branch in Kurgan and OJSC Korvet, Russia’s largest manufacturer of oil and gas wells equipment, have signed one-year agreement covering enterprises property complex – buildings, manufacturing and movable equipment, furniture, office equipment, stored product and manufactured supplies, raw materials at warehouses.

Insurance policy also covers such risks as fire, flooding, natural disasters, explosion, illegal acts, motor collision, aircraft fall. Insurance sum amounts to Rub 514.501 mln.

OJSC Korvet selects Ingosstrakh since 2001, companies plan to develop business cooperation in future.

Established in 1964, OJSC Korvet was USSR’s leading manufacturer of shutoff armature for military industry. Last 15 years, enterprise is successfully developing in the oil and gas sector as manufacturer of equipment for oil and gas wells, as well as pipeline armature and its elements for pressure up to 5,000 PSI, occupying significant share of this market. Annual volume of sold products amounts to over $60 mln. Korvet employs nearly 2,000.

OJSIC Ingosstrakh (www.ingos.ru) operates in the global and national insurance markets since 1947. The company is one of the leaders in the amount of voluntary non-life insurance premiums.

Ingosstrakh has been rated by Standard & Poor’s (ВВ+/Stable, or ruAA+ on the Russian scale), Moody’s Investors Service (Ba1/Stable), Moody’s Interfax Rating Agency (Aa1.ru on the national scale), and Expert RA (A++).

Ingosstrakh is licensed to perform all insurance classes (insurers’ specialty), stipulated by Article 32.9 of Insurance Law and reinsurance. Company has branches in 214 Russian cities. 14 rep offices and subsidiaries operate in neighboring and other foreign countries.